If you need a recurring Event on want an Event that you can re-use, then keep the Live DVR setting turned OFF when you create your Event. As Live DVR is turned OFF, there will be no cloud archiving and no rewind functionality. You will need to record locally.
With DVR turned OFF, for the Event, you can use the Workflow Switcher to switch between PRE, MAIN and POST Event phases at any time. If Event is in the POST Event phase, you can switch it back to PRE when re-using the Event. Alternatively, you can also leave the Event in the MAIN state if you don't want the operator to switch phases.
If cloud archiving and/or rewind is essential, then you have to toggle the Live DVR setting to ON and the Pre>Main>Post phase of the Event workflow has to be followed (see our guide on How to Use Live DVR and Archiving). In this scenario, we suggest considering using Permalinks or Channels. Permalinks and Channels have persistent URLs/embed code. You can link/unlink a non-recurring Event (i.e. DVR turned ON for archiving) to a Permalink/Channel.